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is pakistan rebuilding after devastation? >> one country in the heart of europe appears to be immune to the currency crisis. switzerland's frank is rising high and it has become a haven for investors. how helpful is that in this economy? >> the landscape has attracted tourists for over a century. this year, visitors are counting their pennies. euro slides and the swiss franc rises. foreign tourists find switzerland too expensive. >> [speaking foreign language] >> i am watching the situation with enormous concern. things have gotten or sign the last few months. jobs and businesses are really in danger now and that's really bad for our local economy. >> the swiss franc is at an all- time high against the euro. a new study shows that 1000 hotels across the swiss south are threatened with closure. >> there have been job cuts. each of the hotels have already had to cut back on jobs. we have cut two positions. >> hotel owners are looking anxiously to the government for solutions. so far, in vain. an attempt by the swiss national bank to buy out euros and slow down the rise of the swiss fra
libya, but it is up to the libyan people to decide. the international aid agency oxfam has said pakistan is still my sufficiently prepare to. comments come one year after the worst floods in pakistan's history, which affected 20 million people and killed over 1000 people. southern officials and sudan have accused northern sudan of declaring economic war by issuing a new currency just weeks after the south's independence, leading the country with large reserves of useless money. south sudan began using its own currency one week ago. now time to take a look at the business news. nice to see you. not good news for those watching the u.s. economy and the debt crisis. there's still no agreement between the white house and the folks on capitol hill. >> the time is ticking away. what is interesting is the markets do not seem to share that sense of urgency. there's a feeling in the market that this will get sorted out and that they will somehow come to a compromise. i have to say that it would be a strain for a u.s. president to risk the u.s. aaa credit rating at this time. many believe there wi
Search Results 0 to 1 of about 2